The market is also eagerly waiting for the Fed Chairman

The market is also eagerly waiting for what Fed Chairman Jerome Powell will say in his testimony before Congress. Most opinions predict that the content Mr. Powell said will not be anything new and what Mr. Powell said here will not have much impact on gold. Investors seem certain that the world's most powerful central bank president will reiterate his view that interest rates will fall, but not now, and the Fed will need to rely on important upcoming data before making a move. decided to loosen monetary policy.

In addition, the European Central Bank's (ECB) monetary policy meeting will also take place this week. After the recent inflation report, the ECB is expected to take a cautious stance on interest rates. However, if this bank still maintains its "hawkish" stance, the Euro will benefit and that is not very good news for the USD.

Comment:

SELL GOLD 2083- 2085
TP1: 2070
TP2: 2065
SL: 2093

Comment:

running + 30 pips

Comment:

sell again 2085

Comment:

running + 40 pips